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TEXT-Fitch revises Credit Agricole SA outlook
Reuters
CA's Long-Term IDR is no longer based on its VR and is now at its Support Rating Floor reflecting potential support from France ('AAA'/Negative), if required. The Negative Outlook on CA's Long-term IDR reflects that of France's Long-term IDR.
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TEXT-Fitch affirms PNC Financial Services Group
Reuters
PNC Bank NA --Long-term IDR 'A+'; --Long-term deposits at 'AA-'; --Viability at 'a+'; --Subordinated at 'A'; --Short-term IDR at 'F1'; --Short-term deposits at 'F1+'; --Short-term debt at 'F1'; --Support at '5'; --Support floor at 'NF'.
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TEXT-Fitch rates to American Financial Group debt 'BBB+'
Reuters
June 11 - Fitch Ratings has assigned a 'BBB+' rating to American Financial Group, Inc.'s (NYSE: AFG) $200 million issuance of 6.375% senior unsecured debt maturing in June 2042. Proceeds from the issuance are expected to be used to redeem outstanding ...
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Fitch Affirms Rocklin USD, CA GO Bonds at 'AA'; Outlook Revised to Stable
MarketWatch (press release)
MANAGEABLE DEBT: Direct debt levels are moderately low, both on a per capita basis and as a measure of the tax base, with limited future debt plans. WELL-MANAGED EMPLOYEE BENEFIT LIABILITIES: The district's pension and other post-employment benefit ...
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Wellesley businessman leads group buying seven newspapers
Boston Globe
Aaron Kushner, the buyer who made part of his wealth in greeting cards, and the 2100 Trust, a group that includes former newspaper executives, earlier this year tried to buy Maine's largest newspaper company, including the Portland Press Herald, ...
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TEXT-Fitch cuts Compass Bancshares ratings
Reuters
CBSS' support-driven IDR is currently notched one level below those of its parent since it is strategically important to, but not considered a core subsidiary of BBVA. Thus, with BBVA's downgrade to 'BBB+', CBSS' support-driven IDR was downgraded to ...
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Mackay wants fans support
Orange UK News
... pay off the historical Langston debt, provide a substantial transfer kitty and explore the possibility of expanding the club's stadium. And now Mackay wants everyone to move forward together, telling Cardiff's official website: "We have to trust ...
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Biomed Realty To Acquire Granta Park In Cambridge, UK For 126.8 Million Pounds ...
MarketWatch (press release)
This Cambridge science cluster supports over 1000 science and technology companies, the Wellcome Trust, the largest medical research charitable organization in the world, Cavendish Laboratory, and the Babraham Institute.
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TEXT-Fitch cuts Santander Holdings USA IDR to 'BBB'
Reuters
Fitch has taken the following rating actions: Santander Holdings USA, Inc. --Long-term IDR downgraded to 'BBB' from 'A-'; --Short-term IDR downgraded to 'F2' from 'F1'; --Support Rating downgraded to '2' from '1'; --Senior unsecured debt downgraded to ...
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A boat apart?
The Economist (blog)
Hint: Don't always trust the German media. As noted the US economy grew at a faster rate than Germany's in 2012, Germany's public debt is much larger than Spain and yet the German magazine sees Germany floating above the sinking ships of USA and Spain.
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The Economist (blog)
TEXT-Fitch affirms Astoria Financial ratings
Reuters
Today's affirmation of AF's ratings and Outlook revision are primarily driven by the expected refinancing of the upcoming debt maturity. Refinancing risk was the main reason why the ratings were placed on Negative Outlook in Nov. 2011.
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Youth information and advice service wins plaudits
This is The West Country
Share, the Information, Advice and Support service for young people in Cornwall had been awarded two quality marks for the high standards of its work following two inspections. The first quality mark was awarded in January this year by the Community ...
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Fitch Rates American Muni Power Fremont Energy Center Proj Revs Ser 2012 A&B ...
MarketWatch (press release)
Although the payment obligations of MPPA and CVEC are not required to meet debt service on the series 2012 bonds, Fitch believes that the credit quality of MPPA and CVEC support the assigned rating. Each of the AMP project participants is required to ...
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TEXT-Fitch cuts Santander Bancorp IDR to 'BBB+/F2'
Reuters
The affirmation is supported by the company's sound operating performance and solid capital position while operating in the challenging Puerto Rican market. Similarly to local peers, asset quality has been a challenge given the macro environment in ...
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Greek victors to inherit calamity
China Post
ATHENS -- Pro-bailout or anti-austerity, whoever wins Greece's crunch election on June 17 will inherit an economy in tatters after two years of incomplete reforms and despite billions of euros in EU-IMF support. State revenues are alarmingly low, ...
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Malky Mackay urges fans to stand by Cardiff City after red switch
WalesOnline
Tan and chairman Dato Chan Tien Ghee hope the rebranding will help raise the club's profile in their native Malaysia and plan to follow up the change with further investment, but the decision has been met by a chorus of disapproval from many supporters ...
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First Thoughts: Here's your economic anxiety
msnbc.com
It concludes, "First in debt; 47th in job creation. That's Romney economics." The Romney camp issued this response to the ad: "President Obama has overseen trillion-dollar deficits, soaring national debt and the first credit downgrade in history.
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msnbc.com
U.S. Stocks Advance Amid Speculation About More Fed Stimulus
San Francisco Chronicle
June 12 (Bloomberg) -- US stocks rose, rebounding from yesterday's slump, as speculation that policy makers will stimulate the economy overshadowed concern about Europe's debt crisis after Fitch Ratings downgraded 18 Spanish banks.
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Tri-Valley Community Foundation in deep debt, looking to close
Pleasanton Weekly
I trust TVCF has sent details of its concerns about David Rice's actions to the board of the Texan non-profit that is apparently now employing him. This is really tragic in the sense that non-profits have been coming under increased scrutiny for many ...
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How steep is the fiscal cliff?
Financial Post
While US debt at 100% of GDP is an uncomfortable level and the current deficit is clearly unsustainable, some analysts think the US has yet to reach its full debt capacity. Deutsche Bank strategist David Bianco noted that debt-to-GDP is up from levels ...
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Financial Post
U.S. Stocks Pare Advance as Spain Concern Tempers Stimulus Bets
San Francisco Chronicle
"We're going to just keep playing this game until there's some final outcome of what's going to happen with the euro," Tom Wirth, who helps manage $1.5 billion as senior investment officer for Chemung Canal Trust Co., based in Elmira, New York, ...
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U.S. Stocks Rise on Stimulus Bets While Spanish Bond Yields Jump
San Francisco Chronicle
Gains in US equities today followed remarks by Federal Reserve Bank of Chicago President Charles Evans that he would support more stimulus. The rally briefly fizzled as Fitch took action on 18 Spanish lenders. Fitch said earlier that euro-area ...
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Australian Market Trades Modestly Higher
NASDAQ
Financial, healthcare, industrial and information technology stocks are finding support, while mining, energy and property trusts stocks are trading mixed. The benchmark S&P/ASX 200 index, which edged down a bit in early trades, recovered swiftly and ...
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The most important paragraph of unreadable legalese in Europe today
New Statesman (blog)
We touched on this yesterday, but being a preferred creditor means that these loans must be paid off, in full, before any other debt can be paid down. To the holders of the other debt, that means that at a stroke, they became less likely to be paid ...
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Could Spain's bank bailout trigger its CDS?
Reuters Blogs (blog)
Firstly, this bailout is going to add a good €100 billion or so to Spain's national debt, over and above its existing bonds. That in and of itself makes Spain less creditworthy: the more debt you have, the lower the chances are that you're going to be ...
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Reuters Blogs (blog)
In Europe, June is a make-it or break-it month
Alaska Dispatch
The debt crisis, now in its third year, has produced a moment of extraordinary clarity for the 17 countries joined by the euro: Either move toward real fiscal union or break apart. After two years of incremental reforms brought on by the crisis, ...
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Ross Urquhart: Euro emergency raises hard questions for the 21st century
Straight.com
By Ross Urquhart The European debt crisis, besides threatening to plunge the world into a depression, continues to exemplify challenges all nations face in the 21st century. The simple fact is that bringing people together with international treaties ...
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Straight.com
Va. governor vetoes 2 items in new 2012-14 budget
CBS News
The amendment requires a commission made up of legislators to approve disbursements from a new fund set up as a hedge against declining federal support as Congress copes with a $16 trillion debt. McDonnell said that by making him answerable to a panel ...
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Blow for Rangers as CVA deal denied... leaving club in danger of liquidation
Daily Mail
Green said in a statement: 'I am hugely disappointed by the decision of HMRC not to support the CVA proposal and that disappointment will be felt acutely by Rangers fans across the world.' HMRC, who are currently owed more than £21million, ...
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Daily Mail
Local Govt reforms 'shouldn't come at cost of community'
Voxy
... engage Maori and secure their full confidence, trust, faith and participation in decision-making" said Mr Flavell. "The amended bill, seeks to set benchmarks for councils' performance in respect of income, expenditure and prudent debt levels.
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10 Things Divorce Attorneys Won't Say
Smartmoney.com
San Diego resident Luwain Ng's 2008 divorce was tough, but it was nothing compared with the subsequent legal battle with her divorce lawyer, Patricia Gregory, who stole nearly $80000 from Ng's trust account. (In January, Gregory pleaded guilty to ...
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Outside groups allow candidates to remain civil in Giffords special election
ABC News
More debt? Of course, Ron Barber supported it," an announcer states in a television ad paid for by the NRCC. "So can we trust Ron Barber to challenge Washington? Of course not." Grossfeld believes nationalizing the race is ineffective -- a argument ...
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B&ES heat strategy response warms debate
HeatingandVentilation.net
As part of its response, the Association has also voiced its support of the Royal Academy of Engineering Heat: degrees of comfort report and the Energy Savings Trust Getting warmer a field trial of heat pumps on heat pump installations which indicates ...
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THE CRISIS IN GREECE: The Economic Program of SYRIZA-EKM
Center for Research on Globalization
With the adjustment of the debt and the terms of the future financing for the development of the economy. The third point I would like to refer to is, 'why reforms.' To be sure, we refer to reforms in a completely different context.
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Center for Research on Globalization

Web1 new result for Debt Support Trust
 
Tips for choosing a debt provider | personal finance investment
Debt Support Trust is a registered charity (SC041902) helping people in debt find the right solution to debt for them. The qualified debt advisors and volunteers ...
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